Sales Contract
The buyer agrees to buy and seller agrees to sell the following goods on the terms and conditions mentioned under.
| CONTRACT NO: SAFAL/INTERFACE/005/2019 | Dated: 22 Nov 2019 | |||
| SELLER |
Southern Africa Ferro Alloys Ltd. Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia |
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| Buyer |
Interface Transworld LLC Suite 2101, Vision Tower, Business Bay, Dubai, UAE- P.O. Box 24369. |
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| COMMODITY | SPECIFICATION | QUANTITY | PRICE (US Dollar) | TOTAL AMOUNT |
| Ferro Manganese | Mn : 75.0% min, Si : 1.0% max, C : 8.0% max, S : 0.02% max, P : 0.30% max
Size : 10-50 mm (90% min), + 70 mm Nil |
54 MT 1 MT Jumbo bags in 20ft containers |
845/MT | US Dollar 45630 |
| TOTAL | US Dollar 45630 | |||
| PACKING | 1 MT Jumbo bags in 20ft containers | ORIGIN | Zambia | |
| DELIVERY TERMS | CIF | SHIPMENT | ||
| LOADING PORT | Durban Port, South Africa | DISCHARGE PORT | Sohar, Oman | |
| TRANSSHIPMENT | Allowed | PARTIAL SHIPMENT | Not allowed | |
| PAYMENT TERMS | 30% advance prior dispatch, balance against scan shipping docs | |||
| Documents | A) Commercial Invoice in two originals & two copies. B) Packing list in three originals & three copies. C) Certificate of origin. D) Full set of shipped on board bill of lading marked “freight prepaid” (3 originals + 3 Non-Negotiable copies). E) Inspection certificate of the cargo done by reputed 3rd party agency such as SGS/Alex Steward . F) Original Producer’s analysis certificate. | |||
| SELLER'S BANK |
Seller's Bank Bank Name: Absa Bank Zambia PLC Account Name: Southern Africa Ferro Alloys Limited Account Number: 1005519 Branch Code: 02-00-01 Branch Name: Kafue House Swift Code: BARCZMLX |
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| BUYER'S BANK | ||||
| INSURANCE | Not applicable | |||
| RISK | ||||
| INSPECTION | Inspection certificate of the cargo done by reputed 3rd party agency Alex Stewart . | |||
| ARBITRATION |
All Disputes in connection with this Contract or the execution thereby shall be settled through friendly negotiations between the two parties. If no settlement can be reached, the case under dispute shall be settled at a place of jurisdiction commonly agreed to by both parties. The award rendered by the Arbitrator shall be final and binding on both parties. |
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| FORCE MAJEURE |
In case of Acts of God or any other case beyond the control of the parties, the party claiming it needs to prove it by presenting a confirmation issued by the Chamber of Commerce or equivalent government institution in accordance with the rules set by the International Chamber of Commerce (ICC Publication No-421). |
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Accepted and confirmed by:
The Buyer
Interface Transworld LLC
Name:
The Seller
_____________
Name: